The $35K Tesla Model 3 Is Finally Available

Jonathon Greene

Sadly, we don't have any idea what he's going to reveal, but you won't have to wait much longer because the announcement will be carried on his Twitter feed after 10pm United Kingdom time this evening.

Tesla said its sales would now be online-only around the world and it would close many stores. For $35,000-before any federal or local tax incentives-you can now order a rear-wheel drive Model 3 Standard Range. The update should also add about five percent peak power to all Model 3s, states Tesla's press release.

Tesla has twice this year lowered the price on the Model 3, which now starts at $42,900.

Buyers will pay an extra US$2,000 ($2,800) for the Standard Range Plus.

Following hectic share price movements for Tesla, the SEC made Musk promise he would run any tweets that could affect the share price of Tesla by the company's board of directors-the obligation that the watchdog now says Musk violated by tweeting that Tesla will produce half a million cars by the end of this year.

Tesla is so sure its electric vehicles will meet expectations - the Model 3 has after all has been named the auto that "brings the most joy" - that it says customers purchasing online will be also able to to return the auto within 7 days for a full refund. A US federal tax credit began phasing out for Tesla in January, effectively raising the price of cars by $3,750.

The new $35,000 version has a top speed of 130 miles per hour (209 km per hour) and can go from zero to 60 mph in 5.6 seconds, Tesla said.

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The Long Range model ($43,000) lives up to its name with 325 miles along with a 5-second 0-60 time. Well, you still don't get any buttons or instruments or any interior hardware, really, beyond the 15-inch central touchscreen that remains standard. "You can now buy a Tesla in North America via your phone in about 1 minute, and that capability will soon be extended worldwide", the company announced in a blog post on Thursday afternoon.

As Tesla says in its official news announcement, "Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free".

Tesla has finally added a $35,000 sedan to its Model 3 line-up.

"Shifting all sales online, combined with other ongoing cost efficiencies, will enable us to lower all vehicle prices by about 6 per cent on average, allowing us to achieve the $35,000 Model 3 price point earlier than we expected", the company announced. Some of the roughly 130 outlets will remain in high-traffic locations as galleries, showcases and information centers, and others will become service and fix centers. "People want to buy things online". The goal is the service cars the same day, if not the same hour, and most service will be done with the company coming to the customer. Moreover, we guarantee service availability anywhere in any countries in which we operate.

In addition, the firm had some news for its existing customers.

The company is also now offering a $37,000 Model 3 Standard Range Plus.

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